The three major U.S. stock indices opened lower, with the Nasdaq and S&P 500 falling more than 1%.

2025-09-02 21:31:50

The three major US stock indices opened lower, with the Nasdaq down 1.75%, the Dow Jones Industrial Average down 0.9%, and the S&P 500 down 1.24%. Nvidia, Amazon, and AMD fell over 2%, while Tesla and Meta dropped over 1%. NIO fell over 2% after releasing its second-quarter earnings report. PepsiCo rose over 5% following reports that investment management firm Elliott is planning a major, aggressive move to boost its stock price.

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Weekly Highlights

                                    Jefferies: Raised Alibaba (BABA.N) price target from $150.00 to $165.00.
                            2025-09-01

                                    The statement showed that Alibaba and Bosch announced the deepening of their strategic partnership.
                            2025-09-02

                                    NIO (NIO.N) had revenue of 19.01 billion yuan in Q2 2025, compared with 17.45 billion yuan in the same period last year.
                            2025-09-02

                                    Alibaba (BABA.N) fell 1.5% in pre-market trading in the US.
                            2025-08-29

                                    Alibaba (BABA.N) executives stated: "We will invest massively to seize opportunities in artificial intelligence and daily life service consumption." In the past quarter, the company's capital expenditure on artificial intelligence and cloud infrastructure reached 38.6 billion yuan.
                            2025-08-29